Financial Engineering Course in Malaysia : Complete Guide for International Students
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Overview
The Financial Engineering Course in Malaysia is a specialised programme that combines finance, mathematics, statistics, economics, and computer science to design and analyse financial products and systems. This course focuses on solving complex financial problems using quantitative and analytical methods. In today’s data-driven and technology-oriented financial world, financial engineers play a vital role in areas such as risk management, derivatives pricing, portfolio optimisation, algorithmic trading, and financial modelling.
Malaysia has emerged as a strong destination for financial engineering education due to its robust banking sector, growing fintech ecosystem, and globally recognised universities offering industry-aligned curricula.
Specialisation Areas
Depending on the institution and level of study, students may specialise in:
- Quantitative Finance
- Risk Management and Financial Derivatives
- Financial Modelling and Analytics
- Algorithmic & High-Frequency Trading
- Computational Finance
- FinTech and Financial Data Science
Why Study Financial Engineering Course in Malaysia?
High-Quality Education
Malaysia’s universities are internationally recognised, with many programmes benchmarked against UK, Australian, and European education standards. Courses are taught by experienced faculty with strong academic and industry backgrounds.
Cultural Diversity
Malaysia is one of Asia’s most multicultural countries. International students experience a welcoming environment with diverse cultures, languages, and traditions, making adaptation easy and enriching.
Affordability
Tuition fees and living costs in Malaysia are significantly lower compared to countries like the UK, USA, or Australia, while maintaining high academic quality.
Strategic Location
Located in the heart of Southeast Asia, Malaysia offers exposure to fast-growing Asian financial markets and easy access to regional financial hubs such as Singapore, Hong Kong, and Jakarta.
List of Financial Engineering Universities in Malaysia with courses
Courses:
74World Rank:
899Scholarship: Yes
Top Universities for Financial Engineering Course in Malaysia
| University Name | Location | Programme Focus | QS World Ranking | International Affiliation |
|---|---|---|---|---|
| University of Malaya | Kuala Lumpur | Financial Engineering, Quantitative Finance, Applied Mathematics | 58 | Strong global research collaborations |
| Monash University Malaysia | Selangor | Financial Engineering, Quantitative & Data-Driven Finance | 36 | Branch campus of Monash University, Australia |
| Asia Pacific University of Technology & Innovation | Kuala Lumpur | Financial Engineering, FinTech, Financial Analytics | 597 | Dual degree programmes with UK partner universities |
| Taylor’s University | Subang Jaya | Finance, Financial Engineering, Investment Analysis | 253 | Strong industry-linked international programmes |
| Sunway University | Bandar Sunway, Selangor | Financial Engineering, Finance & Technology | 410 | Academic collaboration with Lancaster University (UK) |
Career Prospects of Financial Engineering Course in Malaysia
Job Opportunities
Graduates can work as:
- Financial Engineer
- Quantitative Analyst (Quant)
- Risk Analyst
- Financial Modelling Specialist
- Investment Analyst
- Derivatives Trader
- FinTech Analyst
Industry Demand
There is strong demand in banking, investment firms, insurance companies, fintech startups, asset management firms, and consulting companies—both in Malaysia and globally.
Salary Expectations (Malaysia – Approximate)
- Fresh Graduates: MYR 4,000 – 6,000 per month
- Mid-Level Professionals: MYR 7,000 – 12,000 per month
- Senior / Specialist Roles: MYR 15,000+ per month
Education Levels of Financial Engineering Course in Malaysia
1. Diploma in Financial Engineering in Malaysia
- Duration: 2 – 2.5 years
- Intakes: January, May, September
- Entry Requirements: SPM / O-Level or equivalent
- Tuition Fee: MYR 20,000 – 35,000 (total)
- Syllabus: Mathematics for Finance, Introduction to Finance, Statistics, Financial Computing, Basics of Economics
- Jobs: Finance Assistant, Junior Analyst, Banking Operations Executive
2. Bachelor’s in Financial Engineering in Malaysia
- Duration: 3 – 4 years
- Intakes: February, July, September
- Entry Requirements: A-Levels, IB, Foundation, Diploma or equivalent
- Tuition Fee: MYR 60,000 – 100,000 (total)
- Syllabus: Financial Mathematics, Derivatives Pricing, Risk Management, Programming for Finance, Portfolio Theory, FinTech
- Jobs: Financial Analyst, Risk Executive, Investment Associate, Quantitative Assistant
3. Master’s in Financial Engineering in Malaysia
- Duration: 1 – 2 years
- Intakes: February, September
- Entry Requirements: Relevant Bachelor’s degree (Finance, Engineering, Mathematics, Economics)
- Tuition Fee: MYR 40,000 – 70,000 (total)
- Syllabus: Advanced Quantitative Finance, Stochastic Models, Financial Econometrics, Research Project / Internship
- Jobs: Quantitative Analyst, Senior Risk Analyst, Portfolio Manager, FinTech Consultant
4. PhD in Financial Engineering in Malaysia
- Duration: 3 – 5 years
- Intakes: Flexible (year-round)
- Entry Requirements: Master’s degree, research proposal
- Tuition Fee: MYR 30,000 – 50,000 (total)
- Syllabus: Advanced research, dissertation, specialised coursework (if required)
- Jobs: University Lecturer, Research Scientist, Senior Quantitative Strategist, Policy Advisor
Living Costs to Study Financial Engineering Course in Malaysia
| Expense Category | Estimated Monthly Cost (MYR) | Details |
|---|---|---|
| Accommodation | MYR 600 – 1,500 | On-campus hostels, shared apartments, or private rentals |
| Food | MYR 400 – 700 | Local meals, university cafeterias, self-cooking |
| Transportation | MYR 100 – 300 | Public transport (bus, MRT, LRT), occasional ride-hailing |
| Utilities | MYR 100 – 200 | Electricity, water, internet, mobile data |
| Study Materials | MYR 100 – 200 | Books, printing, software subscriptions |
| Personal & Miscellaneous | MYR 200 – 500 | Entertainment, clothing, healthcare, leisure |
| Total Estimated Monthly Cost | MYR 1,500 – 3,000 | Average student living budget in Malaysia |
Comparison: Financial Engineering in Malaysia vs Other Countries
- Tuition Fees: Much lower than USA, UK, Australia
- Living Costs: Affordable and student-friendly
- Academic Quality: Internationally benchmarked
- Post-Study Opportunities: Growing regional and global prospects
Application Timeline & Scholarships for Financial Engineering Course in Malaysia
| Timeline Stage | Recommended Timeframe | Details |
|---|---|---|
| Course Research & Shortlisting | 10–12 months before intake | Research universities, compare courses, check entry requirements |
| Document Preparation | 8–10 months before intake | Academic transcripts, passport, SOP, recommendation letters |
| Application Submission | 6–8 months before intake | Apply online to shortlisted universities |
| Offer Letter Received | 4–6 months before intake | Conditional or unconditional offer issued by university |
| Acceptance & Fee Payment | 3–4 months before intake | Accept offer and pay registration or initial tuition fees |
| Student Visa Application | 2–3 months before intake | Visa processing through EMGS |
| Travel & Accommodation | 1 month before intake | Book flights, arrange housing, prepare for departure |
Scholarships for International Students
| Scholarship Type | Offered By | Coverage |
|---|---|---|
| Malaysian Government Scholarships | Government of Malaysia | Tuition fee support and living allowance (selected programmes) |
| University Merit-Based Scholarships | Malaysian Universities | Partial or full tuition fee waiver |
| International Student Scholarships | Universities / Partner Institutions | Tuition fee reduction based on academic performance |
| Research Scholarships (Postgraduate) | Universities / Research Grants | Tuition fees, research funding, and monthly stipend |
| Faculty or Programme-Specific Scholarships | Individual Faculties | Partial tuition fee discounts |
Application Process for Financial Engineering Course in Malaysia
- Shortlist universities and programmes
- Check eligibility and entry requirements
- Prepare documents (academic transcripts, CV, SOP)
- Submit online application
- Receive offer letter
- Accept offer and pay initial fees
Documents Required:
Academic certificates, transcripts, passport, English proficiency proof, personal statement, recommendation letters.
Visa Process for Financial Engineering Course in Malaysia
- Student Visa Requirements: Offer letter, passport, medical report, academic documents
- Application Steps: University applies through EMGS → Approval → Visa endorsement
- Visa Duration: Valid for programme duration, renewable annually
FAQs : Financial Engineering
